I guess Germany realized it's not wise to co-sign for a loan for your relatives! Futures are RED and VIX is gonna go GREEN.
Look for the anit-window dressing. Meaning... MM's probably will take the loss this qtr and for stock to go up Monday. Some of your favorite stocks should tank a little.
Disclaimer.... It could be opposite.... It is a major turning point... HE....... HE..... I am sure it's still possible for the Bulls to find something to be happy about!
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it might be an interesting thought but maybe a solution is Germany leaving the euro. the euro will drop so everybody will be paying easier. Deutschland will suffer with a stronger mark
"Nein! No! Non!"
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it might be an interesting thought but maybe a solution is Germany leaving the euro. the euro will drop so everybody will be paying easier. Deutschland will suffer with a stronger mark
" Deutschland will suffer with a stronger mark" so what's in it for them? Their currency increases in value, making it harder to export to the rest of Europe, but their economy is dependent on exports to thrive. Why would anyone choose economic suicide? They didn't lend southern Europe money out of the goodness of their heart. They were aware that a good portion would be returned as profits for their companies, even if the loan repayment was suspect. Can say with a straight face that they were so smart to build the strongest economy in Europe and at the same time so dumb as to lend to profligates?
whatever is the solution, it is not good. they loose money bailing out Greece, Spain, etc or they loose money getting out of the Euro
Unless they can enforce policy, what good would it be to just keep writing checks. Greece, Spain, Italy, and even the United States needs to live within our means.
Not that I disagree with either of you, but I suspect
what is going on is the hope that if they can kick the can down the road long
enough, that EVENTUALLY (as has always been the case in the past) the economic
growth that occurs after every recession will allow enough inflation to pay off
the old debts in cheaper euros, and provide enough income to substantiate
somewhat higher taxes, somewhat less ‘welfare’. In other words, they are
holding out on the belief that the future will resemble the past. In the
meantime, it is guaranteed to be messy, but unlikely to be end of the world,
although a lot of people will make a lot of noise about it. .....I'm still holding some UUPs
Is there an article you are referencing?The Otter Way said: I guess Germany realized it's not wise to co-sign for a loan for your relatives! Futures are RED and VIX is gonna go GREEN.
Look for the anit-window dressing. Meaning... MM's probably will take the loss this qtr and for stock to go up Monday. Some of your favorite stocks should tank a little.
Disclaimer.... It could be opposite.... It is a major turning point... HE....... HE..... I am sure it's still possible for the Bulls to find something to be happy about!
http://www.foxbusiness.com/news/2012/06/28/germans-say-nein-no-non-ahead-euro-summit/
Thanks!The Otter Way said: http://www.foxbusiness.com/news/2012/06/28/germans-say-nein-no-non-ahead-euro-summit/
This is unrelated to the topic.
"Even I Could Lead Better!" ......my ever watchful eye is watching you.
"Nein! Non! No! Yes!".
"Left-leaning daily La Repubblica noted that after four years during which Germany had "dictated both the music and the lyrics" at euro zone summits, three of the four main countries had refused to dance to Merkel's beat."
"The southern euro countries are taking the north hostage," wrote Dutch financial daily Het Financieele Dagblad
http://www.reuters.com/article/2012/06/30/us-eurozone-reaction-idUSBRE85T0BJ20120630
"Left-leaning daily La Repubblica noted that after four years during which Germany had "dictated both the music and the lyrics" at euro zone summits, three of the four main countries had refused to dance to Merkel's beat."
"The southern euro countries are taking the north hostage," wrote Dutch financial daily Het Financieele Dagblad
http://www.reuters.com/article/2012/06/30/us-eurozone-reaction-idUSBRE85T0BJ20120630
At the Euro summit last week, the joke of the day was that Germany lost 2-1 to Italy in the semi-finals of 2012 European soccer championship in Warsaw but lost 16-1 at the EU summit in Brussels! Italian Prime Minister Mario Monto, with uncharacteristic indiscretion, boasted that “it is a double satisfaction for Italy” referring to Italian victories over Germany in both soccer and the debt negotiation.
The other side of this, Germany has benefited in droves from the creation of the Eurozone, some say they don't want to take the good with the bad.
I did a similar Google Image Search for the above picture ( like I did in the "certain similarities" post ) and this was one of the similar pictures:
I think Google needs some improvement. Here is another image if you need more proof:
I think Google needs some improvement. Here is another image if you need more proof:
yes, right. Germany needs to decide which is less worse decision - get out of EZ or pay their bills :)incubus said: The other side of this, Germany has benefited in droves from the creation of the Eurozone, some say they don't want to take the good with the bad.
I see a similar problem right here at home, now that times are tough, beneficiaries of tax/regulatory policies of the past few decades are flooding DC with lobby money to avoid comeuppance, brainwashing the masses with promises of "trickle down" and "job creation" despite the obvious.OldFart said:
yes, right. Germany needs to decide which is less worse decision - get out of EZ or pay their bills :)incubus said: The other side of this, Germany has benefited in droves from the creation of the Eurozone, some say they don't want to take the good with the bad.
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